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House in Hamilton East
Investment With An Upside
- 8 Beds
- 4 Baths
This property has loads of potential.
We have 2 x 2 bedroom ground level units, built in the 1960's, and attached to theses units is a block of 2 x 2 bedroom concrete block flats, built in the early 1970's. Each tenancy has its own carport.
The property is in need of some TLC, however this is where the potential is. With a refurb, the rental potential is in excess of $70,000 gross per annum. Currently fully tenanted and returning a modest income of $48,100 per annum. The land has a High density zoning, so there may be a strong case for unit Titles in the future.
Viewing will be by appointment only, so contact me to make a time to view.
Features:
- Electric Hot Water
- Standard Kitchen
- Open Plan Dining
- Combined Lounge/Dining
- Electric Stove
- Ceilings: Pinex Tiles
- Insulation: Ceiling
- Joinery: Single Glazed
- Good Interior Condition
- Fair Interior Condition
- No Garaging or Carport
- Block Base
- Brick Base
- Fully Fenced
- Iron Roof
- Brick Exterior
- Concrete Block Exterior
- Good Exterior Condition
- Fair Exterior Condition
- Single Storey
- Two Storey
- Level Section Contour
- Urban Views
- City Sewage
- Town Water
- Right of Way Frontage
- Level With Road
- In Street Gas
- Public Transport Nearby
- Shops Nearby
See all features
Chattels:
- Curtains
- Drapes
- Fixed Floor Coverings
- Light Fittings
- Stove
Property ID:
HAM33920
Building:
280m²
Land:
966m² / 0.24 acres
Parking:
4x Carport
Bedrooms:
8
Bathrooms:
4
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